Military Cloud Computing Market to Reach $29.77 Billion by 2035

Federal Ammunition, Mossberg and Palladyne AI Corp. announced the joint development of SwarmShot, a modular autonomous airborne counter-unmanned aircraft system designed to turn compatible drones into reusable air-to-air interceptors operating as a collaborative kinetic defensive swarm. SwarmShot will combine Federal's specialized counter-UAS shotshell ammunition, a lightweight Mossberg weapon module purpose-engineered for airborne operation, and Palladyne AI's IntelliSwarm autonomy system, which pairs BRAIN avionics with SwarmOS collaborative autonomy software. The system will first be developed as a modular mission add-on for Gremlin-X, Palladyne AI's Group 1 quadcopter mini-bomber, after which the companies plan to offer SwarmShot to other manufacturers as an integration kit for compatible unmanned aircraft. Federal will lead ammunition design and terminal-effect optimization, drawing on its recent U.S. Army counter-UAS ammunition contract, while Mossberg leads the airborne weapon module and Palladyne AI leads UAS integration, fire control, terminal-intercept autonomy and multi-interceptor coordination. The effort is a defensive application of Palladyne AI's predictive autonomy collaborative swarming capability, recently deployed with the U.S. Army at Project Convergence Capstone 6 and other Army exercises. Development schedules, potential customer engagements and financial terms were not disclosed.

REDLattice CEO Andy Boyd said the cyber and intelligence technology company expects to become public and begin trading on the Nasdaq under the ticker "REDL" by the end of 2026 through its business combination with Bold Eagle Acquisition Corp. (Nasdaq: BEAG). Speaking at an IPO Edge fireside chat at Nasdaq MarketSite on Oct. 5 with Editor-in-Chief John Jannarone, Boyd positioned REDLattice as a mission-critical cyber and intelligence technology company serving U.S. and allied governments, with capabilities spanning vulnerability research, lawful intercept and intelligence collection. He said the cyber threat environment is accelerating rapidly, particularly because of AI, with adversaries becoming more sophisticated and governments needing advanced technology and specialized expertise. REDLattice sees substantial growth potential in government cybersecurity and intelligence spending, and its strategy is to expand existing customer relationships, broaden its product portfolio and pursue opportunities across the U.S. defense and intelligence ecosystem. Boyd, a former Senior Intelligence Service officer at the CIA who culminated his career there as Director of the Center for Cyber Intelligence, is also an Operating Partner at AE Industrial Partners.

Booz Allen Hamilton announced in late September 2026 that Michael D. Brasseur, a 26-year U.S. Navy veteran and former Saab Inc. Chief Strategy Officer, joined the firm as an executive vice president to lead its defense technology business and guide partnership and innovation efforts in robotics, autonomy, and AI. Brasseur was the founding Commodore of the Navy's Task Force 59, and the hire aligns Booz Allen's leadership with operational experience in fielding unmanned and AI-enabled systems for defense missions. The move follows the July 2026 expansion of the Vellox AI powered cyber defense suite, and together the two developments underline the company's ambition to shift more work toward higher margin, tech enabled offerings. Booz Allen Hamilton Holding's narrative projects $12.5 billion revenue and $758.8 million earnings by 2029, requiring 4.1% yearly revenue growth and an earnings decrease of $13.2 million from $772.0 million today, with forecasts yielding a $85.23 fair value, a 27% upside to its current price. Some of the lowest ranked analysts are more cautious, assuming only about US$12.0 billion of revenue and US$782.1 million of earnings by 2029, and worry that heavier contract risk on AI programs could blunt the benefits of hires like Brasseur.